Excerpt from: CFDs & Spread Bets
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| March 02, 2010 | | Spread betting and contracts for differences on oil prices | Spread bets and CFDs on commodities should consider that oil prices are heading a bit higher today. They have yet to break through the $80 a barrel barrier, but they are reaching for it.
Investors are look at signs of global economic recovery, and hoping that it means an increase in demand for oil. Japan's jobless rate had dipped, and Australia continues to show signs of good growth. There is also hope for the U.S., with an auto sales report on tap for today.
Oil prices are also getting some support from gold prices, which are also higher today. Commodities in general are being favoured as investors look with optimism toward global economic recovery.
| Topic Tags: CFDs, commodities, contracts for differences, global economic recovery, gold prices, oil prices, spread bets, spread betting | |
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